Investing in bitcoin is risky for how to invest in bitcoin without actually buying bitcoin most retail investors. Canadian Bitcoin exchange-traded funds. By leaving your bitcoin holdings in an IRA, you can take a long-term position on the digital currency without obsessing over the short-term swings. Published. What you may not know is that you don’t have to actually buy Bitcoin to expose yourself to this new asset class. Bitcoin has soared in 2017, but the crypto market is volatile and unpredictable. But there are several ways for invest. Grayscale Bitcoin Trust, or GBTC, allows one to invest in Bitcoin without actually owning the “coin” itself..Publisher. The smart way to do so would be to buy ancillary businesses that directly benefit from the bitcoin craze, no matter how well or. But we have two ways to play Bitcoin without actually buying a coin. I'm not a fan of buying the digital coins themselves. You can still get rich off of bitcoin without actually owning it.